Upland Resources Limited September JTS Summary (7252Q)
October 20 2023 - 1:04AM
UK Regulatory
TIDMUPL
RNS Number : 7252Q
Upland Resources Limited
20 October 2023
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20 October 2023
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
September JTS Summary
Upland Resources Limited (LSE: UPL) is pleased to announce that
further to the update on 15 September 2023 in relation to the
Sarawak Block SK334 Joint Technical Study (JTS) Technical Workshop
that the current monthly shareholder progress report is now
accessible on the Company's website at the following link:
https://upland.energy/presentations/
Highlights & Forward Plan
-- Proposal for SK334 PSC submitted and received positively by PETROS on the 20 Sept 2023
-- Finalised Prospecting Strategy in Limbang and Lawas. Prepared
exploration work programme for PSC exploration period in 2024
-- Conceptual Engineering : conducted and finalised based on available regional data
-- Completion of Reservoir Engineeri ng: well engineering, field
development plan and hydrocarbon export plan
-- Rig Selection: Rig selection process in progress
Drafting of JTS Technical Report is expected to be completed by
early Nov 2023. The draft copy will be sent to PETROS for review,
before presenting in the final Technical Workshop, expected in the
3rd week of Nov 2023.
Assessment of Potential Targets : Evaluation of potential
drilling targets in the SK334 frontier exploration area is actively
evaluating Full Tensor Gravity (FTG) data in combination with data
from geological field work, along the eastern flank of the Lavas
area.
Bolhassan Di, Upland Chairman and CEO commented:
"This has been and is a busy period for the Company across a
number of fronts. Having successfully completed our geological and
geophysical works, our focus is now firmly on the SK334 Production
Sharing Contract with PETROS. The fact that our PSC application has
been positively received by the regulator is welcomed as we
continue on a precise pathway. In addition, we look forward to the
final JTS Technical workshop in November.
We continue to deliver further on these workstreams in the near
term and remain committed to keeping our investors
well-informed."
Joint Technical Studies Timeline
**Ends**
For further information, please contact:
Upland Resources Limited Tel: +60 198 861 919
Bolhassan Di, Chairman and CEO bolhassan@uplandbigoil.com.my
Gerard Murray, COO gerry.murray@upland.energy
Optiva Securities - Broker Tel: +44 (0)20 3137 1903
Christian Dennis christian.dennis@optivasecurities.com
(Corporate Broker) www.optivasecurities.com
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